CPI up 6.5% on rising food prices

(Reuters)
Updated: 2007-11-14 11:34

A vendor jumps behind a pile of pumpkins at a vegetable market in Nanjing, East China's Jiangsu Province, November 13, 2007. China's consumer price index (CPI) rebounded to 6.5 percent in October, matching the peak decade high in August, the National Bureau of Statistics said yesterday. The CPI, a key gauge of inflation, grew 6.2 percent in September. Food prices, up 17.6 percent year-on-year, are the major factor behind the resurging CPI. Prices of fresh vegetables rose sharply in October, too - nearly 30 percent year-on-year. [Reuters]